The following all the sign of down break out but the price is still in the channel.
Gap has been seen in the value area.
The price spike also still in the channel.
Volume raised with price fall.
The Gap has been seen, and spike with raised volume which very important for a trader. If this is down breaking out, the price can still 100 points to 148 points.
The important question is for a trader that, WHERE SHOULD I SHORT THIS STOCK IF its down breakout?
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SHORT INDIGO fut 1514-1522 and stoploss 1530 and targets 1464-1414
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Enjoy of INDIGO fut.... See it...
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made low 1474 and now pull back... so careful.
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Again price is falling down and 1482 which means, still weak.
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INDIGO ready to fill your pocket now...its near the target.